A mobile home damaged by Hurricane Irma is seen at the Riviera Colony neighborhood in Naples, Florida, on Monday, Oct. 30, 2017. (Photo: Scott McIntyre/Bloomberg)
Total global economic losses from natural and man-made disasters in 2017 were $337 billion, almost double the losses in 2016 and the second highest on record, the latest sigma study from the Swiss Re Institute says.
Global insured losses from catastrophe events, meanwhile, were $144 billion, the highest-ever recorded in a single year. The highest losses came from three hurricanes — Harvey, Irma and Maria (HIM) — that struck the U.S. and the Caribbean in quick succession. These hurricanes resulted in combined insured losses of $92 billion, making 2017 the second costliest North Atlantic hurricane season since 2005.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
